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A Companys Income Statement for a given period

Resolved Question:

Assume a company’s Income Statement for a given period has the following entries:
Income Statement Data
Quarter 1
(in 000s)
Sales Revenues
$50,000
Production Costs
26,500
Delivery Costs
1,600
Marketing Costs
8,500
Administrative Expenses
2,000
Operating Profit
14,400
Net Interest
1,000
Income Before Taxes
13,400
Taxes
4,020
Net Income
$9,380
Given the above figures, the company’s net profit margin (defined as net income divided by sales revenues, as per the Help screen for the Comparative Financial Performance page of the GSR) is
28.8%
18.8%
17.7%
19.1%
None of these
Submitted: 5 years ago.
Category: Multiple Problems
Expert:  linda_us replied 5 years ago.

Thanks for using JustAnswer.

Answer is 18.8%

Hope this helps!

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